NewsBite

ASX 200 ends week down; NSW fast tracks Santos Narrabri project, BlueScope tried to fix steel prices

ASX ends the week down despite Friday's gain; iron ore rises above $US110; NSW fast tracks Santos' Narrabri project; Star cops $100m fine and suitors eye Clough.

Financial markets are bracing for next week’s US inflation numbers, rates decision amid China’s reopening. Picture: Gaye Gerard
Financial markets are bracing for next week’s US inflation numbers, rates decision amid China’s reopening. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, December 9. The Australian sharemarket snapped a three-day losing streak as iron ore miners rally by more than 3 per cent.

The S&P/ASX 200 index advanced 0.5 per cent, or by 37.70 points, to 7213.20. For the week, the index fell 1.2 per cent - its biggest weekly drop since late September.

The dollar was buying US67.93c at the close.

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-rise-wall-streets-relief-rally-ahead-of-cpi/live-coverage/750d5ee4378440c73b69af2222abbc32